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CLOU Electronics Expands Global Presence with Launch of CLOU Energy Storage Systems in North America

CLOU Electronics, a subsidiary of Midea Industrial Tech, made waves at the recent RE+ 2023 trade show in Las Vegas. The company unveiled its US subsidiary, CLOU Energy Storage Systems (CLOU ESS), with the aim of strengthening its presence in the North American market and solidifying its position globally. This move marks a significant milestone for Midea Group’s energy storage business.

Fu Yongjun, Vice President of Midea Group and President of Midea Industrial Tech, expressed confidence in the green energy sector and emphasized the company’s focus on the market. With its leading energy storage products and solutions, CLOU aims to provide customers with enhanced safety, reliability, stability, and energy and cost efficiency in the energy storage industry.

The energy storage market has experienced rapid growth, particularly in the United States. The implementation of the US Inflation Reduction Act’s ITC New Deal in August 2022 has led to an extension of tax credits and a surge in the number of filings for electrochemical energy storage. According to Soochow Securities, the registered capacity of electrochemical energy storage in the United States reached 30.2GW as of April 2023, representing an 89% year-on-year increase.

CLOU, which has been specializing in energy storage system integration since 2009, offers a comprehensive portfolio of products and services. From PCS, DC/DC, BMS, EMS, to O&MS, the company covers all energy storage application scenarios. CLOU has already made a significant impact in the US market with projects such as Indiana’s first large-scale lithium-ion energy storage project and Texas’ largest energy storage power station project. Additionally, CLOU has been involved in South America’s largest grid-side energy storage project.

With the unveiling of its US subsidiary, CLOU ESS is poised to further penetrate the global market, especially in North America. As the demand for energy storage continues to grow, CLOU’s expertise and innovative solutions position the company as a key player in the renewable energy industry.

#CLOUElectronics #CLOUEnergyStorageSystems #MideaGroupEnergyStorage #RenewableEnergyStorage #EnergyStorageSolutions #GlobalEnergyStorage

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